FAS 143 definition
Examples of FAS 143 in a sentence
All financial statements shall reflect the Borrowers adoption of FAS 143 (if applicable), and, if any change in GAAP in itself affects the calculation of any financial covenant set forth in this Agreement, the Borrower Representative may by written notice to the Lender, or the Lender may, by written notice to the Borrower Representative, require that such covenant thereafter be calculated in accordance with GAAP as in effect (and applied by the Borrowers) immediately before such change in GAAP occurs.
For purposes of calculation of this covenant, the effects of FAS 133, FAS 143, and FAS 123R will be excluded.
FAS 143 shall mean the Statement of Financial Accounting Standards No. 143 issued by the FASB, as further affected or interpreted by additional FASB statements or FASB interpretations.
The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments) to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 and FAS 143) to be less than 1.0 to 1.0.
Notwithstanding the foregoing and except as provided herein with respect to ACS Topic 815, formerly FAS133, ASC Topic 410, formerly FAS 143, and ASC Topic 360, formerly FAS 144, all financial statements delivered hereunder shall be prepared, and all financial covenants contained herein shall be calculated, without giving effect to any election under ASC Topic 825, formerly FAS 159 (or any similar accounting principle) permitting a Person to value its financial liabilities at the fair value thereof.
The funds received from salvage of the Retired Generation and Related Facilities and Properties or the Extension Term Retirement Facilities and Properties, as applicable, shall be credited as provided in FAS 143 for purposes of calculating the amount required to fund such asset retirement obligations.
In determining such asset retirement costs, to the extent that FAS 143 requires that any probability be assigned to one or more elements of determining such costs (e.g., the degree of the decommissioning and remediation obligation and the potential costs for performing that obligation), a probability of 100% shall be assigned to the potential outcome that results in the highest potential asset retirement cost.
The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (22) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133) to (23) consolidated current liabilities (excluding non-cash obligations under FAS 133 and FAS 143, outstanding Letters of Credit, and current maturities under this Agreement or the Second Term Loan Agreement) to be less than 1.0 to 1.0.
As of the end of any fiscal quarter, permit the ratio of Borrower’s consolidated current assets (but excluding any non-cash assets under FAS 133, as amended) plus the amount of the Unused Availability to Borrower’s consolidated current liabilities (excluding current maturities of the Loans and non-cash obligations under FAS 133 and FAS 143, as amended) to be less than 1.0 to 1.0.
The Parent will not permit, as of the last day of any fiscal quarter, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133) to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 and FAS 143) to be less than 1.0 to 1.0.